Published for the first time: "Global Family Business Tax Monitor
The Center for Family Business at the University of St.Gallen (CFB-HSG), together with EY, has published the "Global Family Business Tax Monitor" for the first time.
Family businesses are an important element of economic life in practically every country in the world. For them, the regulation of business succession plays a particularly important role, and, depending on the case, so do inheritance taxes. Inheritance taxes can be decisive in determining whether and how a business finds its way into the next generation of the family. The question therefore arises: Who pays the most inheritance taxes where in the world, and who pays the least?
The Center for Family Business at the University of St.Gallen (CFB-HSG) has worked to answer these questions together with EY published the "Global Family Business Tax Monitor" for the first time. The results of the research project show a worldwide comparison of the resulting inheritance taxes in 69 countries around the globe based on a standardized case of a business succession in family businesses.
In addition, there is a lot more information on the website:
- An interactive world map shows at a glance the minimum and maximum inheritance taxes of the respective country, the inheritance taxes in the standardized succession case and the legal system applicable there.
- Various economic indicators are compared with the respective maximum tax rates.
- The legal systems are compared in the context of the resulting inheritance taxes.
- A sortable and searchable table summarizes the results from the countries studied.
The website (only available in English) can be found under http://familybusinesstaxindex.com/
